re: Groupon: The dumpster fire of tech stocks

quote:

---

Most of that 76% came from great deals he got simply because he had so much capital to invest. He still deserves credit because he pulled the trigger, but shite I wish I was offered 10% preferred Goldman stock at a big discount.

---

True, but he certainly shouldn't be penalized for attempting to maximize return.

quote:

---

In the BofA deal he basically bought stock at ~$5.15 that was trading around $7. Would I go as far to say he's a washed up goon? Probably not, but THF has a point. Value investing the Buffet way will not be nearly as profitable as it was during Warren's great run-up of the 80's to mid 2000's. That was a period of falling interest rates, disinflation, and a massive stock market rally. The pre-existing conditions for that will probably not return in any of our lifetimes.

---

Very true and it happens. Graham somewhat backed off on his security analysis methodology, chalking up much of his success to an environment of inefficient dissemination of financial reporting and a shortage of intelligent investors.

Certainly won't argue with a similar stroke of environmental luck for Buffett. And his most ardent followers are goons. This doesn't mean he is.